Additionally, only 28% of Americans have confidence that they would be able to find equal or better employment if they had to leave their current job.
"Even though there are signs that the economy has improved in recent years, a lot of people are not feeling that the recovery has reached them,” Trevor Tompson, director of The AP-NORC Center, said in a press release accompanying the poll. "There is evidence of optimism among the more affluent, but two-thirds of Americans would have trouble immediately paying an unanticipated bill of $1,000."
Even the 66% of respondents who described their own finances as “good,” however, reported that their situation is still “precarious.”
“Seventy-five percent of people in households making less than $50,000 a year would have difficulty coming up with $1,000 to cover an unexpected bill. But when income rose to between $50,000 and $100,000, the difficulty decreased only modestly to 67 percent,” AP reported, while explaining that financial difficulties span all income levels.
“Even for the country's wealthiest 20 percent — households making more than $100,000 a year — 38 percent say they would have at least some difficulty coming up with $1,000.”